The Post-Consumer Resin Market Development Partnership will gain commitments from consumer product companies in Vietnam to use recycled plastic (known as post-consumer resin) in their packaging materials and develop a plan for a local plastics recycling factory.
P4G has invested US $99,850 in this partnership.
The partnership will prepare a business plan for building a state-of-the-art plastics recycling factory in Vietnam. When fully implemented, this partnership could result in US $15-20 million investment in Vietnam’s sustainable plastics economy, leading to less plastic ending up in oceans and landfills. The partnership is also accelerated by Vietnam's Chamber of Commerce and Industry (VCCI), P4G's National Platform Co-Chair, reflecting the partnership's key role in achieving Vietnam's national priorities.
Investing in Vietnam’s Sustainable Plastics Economy